BCREA Chief Economist Re-appointed to Economic Forecast Council

British Columbia Real Estate Association (BCREA) Chief Economist Brendon Ogmundson has been re-appointed as a member of the Province of British Columbia’s Economic Forecast Council until July 2023. Ogmundson was invited to extend his current term by Minister of Finance Carole James.

“COVID-19 has had unprecedented impacts on BC’s economy,” says Ogmundson. “Now more than ever, I welcome the opportunity to continue serving on the Economic Forecast Council as we look towards economic recovery.”

On June 16, BCREA will submit its own recommendations on economic recovery and BC’s housing markets as part of BC’s 2021 budget consultation process. BCREA is also a member of the COVID-19 Cabinet, a group created by BC’s business community to address the significant impact of COVID-19 on BC’s economy.

About Chief Economist Brendon Ogmundson
Brendon Ogmundson holds an MA in Economics from Simon Fraser University and is a CFA Charterholder. In 2019, he was awarded the Crystal Ball Award by the Association of Professional Economists of British Columbia. He specializes in macroeconomic forecasting, housing market analysis, and econometric modelling and is also a contributor to the Philadelphia Federal Reserve's Survey of Professional Forecasters.

About the Economic Forecast Council
The Economic Forecast Council includes some of Canada’s most respected independent forecasters who meet annually with the Minister of Finance to offer economic advice in advance of each year’s budget and fiscal plan. Other members include:

- TD Bank Financial Group
- Business Council of BC
- HIS Markit
- Laurentian Bank Securities
- Bank of Montreal
- Conference Board of Canada
- CIBC World Markets
- National Bank Financial
- Central 1 Credit Union
- Scotiabank
- RBC Capital Markets
- Stokes Economics

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